Archived News for Finance Sector Professionals - January, 2016
ASIC has issued an update on its work to cut red tape and reduce compliance costs.
Big bid to re-jig transport industry
Backers are gathering for a takeover battle of one of Australia’s biggest transport and logistics firms, Asciano.
Fraser issues AAA warning
Treasury secretary John Fraser has warned that Australia’s prized AAA credit rating could slip.
Green view down amid corruption uptick
Australia’s environmental performance is down this week, but it looks like corruption is rising.
Mining decline could cause metal shift
The heart of the Australia resources sector – iron and coal – continues to wane in value, and analysts say lesser-known commodities will not fill the gap.
Governments take on tech economies
The New South Wales government is continuing to take the lead on tackling issues with the ‘collaborative economy’.
Santos spills golden gas figures
Santos has reported its highest annual gas production figures since 2007.
Scientific value tallied at $330 billion
Scientific advances underpin $330 billion of Australia’s annual economic output, the Chief Scientist says.
Warnings ahead of lease change
Advisers and small business owners will have to be quick to avoid the pitfalls of changes in accounting practices coming into effect in 2019.
Agencies seeking more offshore
The Finance Department says private companies are being asked if they can send Australian Public Service (APS) work overseas.
TPP to take thousands of jobs
The Trans-Pacific Partnership Agreement (TPPA) is still up in the air, and has been a major topic during Prime Minister Malclm Turnbull’s trip to the US.
Safety study says profits don't suffer
New figures suggest a company can boost safety and profitability at the same time.
Hybrid sites in green power price drop
The Australian Renewable Energy Agency(ARENA) has shortlisted 22 renewable energy projects for $100 million in funding, signalling that solar project costs would fall below $AU100/MWh by 2020.
Mining market sees battery boost
Insiders say big profits in the resource market this year will come from materials used in high-tech energy storage and other futuristic technologies.
Woolworths wants to drop hammer on Masters
Big moves among hardware giants this week, with Woolworths looking to offload Masters.
BHP lines up for big decline
BHP Billiton is staring down the barrel of a $10.3 billion write-down on its US shale oil and gas assets.
Reduction revealed in booze tax test
Research suggests that increasing the cost of the cheapest alcohol leads to a reduction in consumption.
World Bank details tiny TPP benefit
A comprehensive economic analysis has shown Australia stands to gain almost nothing from the Trans-Pacific Partnership (TPP).
Billions available in top end trim
Research has again showed the big budgetary gains to be made by cutting high end concessions.
Construction crunch could continue
Australia's construction industry contracted in December 2015, a weak end to the year despite a growth in apartment and house building.